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The broad market ( Dow, S&P 500 and Small Caps) remains near all time highs and the advance/decline line is too…the trend is up.

New valuations from Doug Short are out, reflecting that the S&P 500 is 66% above its 114-year median valuation line and not real close to the valuations levels where key lows took place, actually closer to the valuation levels of the 1929, 1966 & 2000 highs.

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past